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Landlord Guide How to Choose the Right Tenants

Landlord Guide How to Choose the Right Tenants · How to Choose the Right Tenants. 2 3 So, you’ve advertised your property and you’re starting to get enquiries from potential

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Landlord Guide

How to Choose the Right Tenants

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So, you’ve advertised your property and you’re starting to get enquiries from potential tenants, but how do you convert those initial calls and emails into a successful let?

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upad.co.uk | 0333 240 1220

What to ask tenants on the phone Landlords who advertise with Upad usually receive plenty of tenant

enquiries (35 on average). However don’t feel you have to arrange

a viewing for everyone who shows an interest. Before you show

someone around, ask some questions to make sure the person and

the property are a good fit.

You could do this by email if you’re more comfortable, but often

you’ll find out more about a person if you have a chat on the

phone. There’s no need to interrogate them (you don’t want to

scare anyone away) but you could just say something like, “can you

tell me a little about yourself?”

Questions to ask include the following: When are they looking to move?

Often people go ‘window shopping’ for their next place

months before they’re ready to move, while others leave

it until the last minute and so might need to move before

your property is available.

Why are they moving?

If the tenant has nothing to hide they are more than likely

to give you a specific reason for moving. If they’re evasive,

they may just not want to tell you their personal situation

at this stage, or they may have something to hide. Best to

judge based on their tone of voice.

How long do they intend to stay?

If you’re looking for a long-term rental, there’s no point

meeting someone looking for a six-month stop gap.

Do they know what you’re offering?

You’d be surprised at how many viewers don’t read the

ads completely. Therefore, it’s worth going over the

essential facts such as the number of bedrooms, the

location and the rent and deposit, plus what is (or isn’t)

included in the rent.

Where do they work?

lf you’re looking for professional tenants, it’s important to

establish they do actually have a job.

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upad.co.uk | 0333 240 1220

Preparing to meet tenants When arranging to show people around your property, try to be

as flexible as you can. If you limit viewings to working hours or to

evenings and weekends only, you risk losing good tenants.

Don’t be afraid to do more than one viewing at a time. Sometimes

it’s good to let tenants see you’ve got a lot of interest in a property.

After all, we all want something more if someone else wants it too!

However, make sure you keep a list of all viewings so you know

who’s expected when (people always like to be greeted by name).

Make a few subtle notes about each viewer so you’ll remember later

which were the most suitable.

During the viewing, be prepared to answer any questions about

the property and the local area, including local transport, shops,

schools and nightlife.

The sort of questions you might be asked include: Where is the nearest train station/supermarket/bank?

Which buses stop nearby?

How long does it take to travel into town?

How much are the energy bills?

If these are relatively low, have a recent bill to hand as proof.

How much is the council tax?

What are the local schools like?

If you’re appealing to families, it’s worth looking up Ofsted

reports on the nearest schools and finding out if your place

is within the catchment area.

What are the parking restrictions and how do you apply for

any necessary permits?

What’s the local area like?

Obviously you’re going to tell them it’s awesome, but having

some concrete evidence of its desirability is even better – the

property listings site Zoopla has useful information on each

postcode you can pinch.

Five Bulk viewings can save you a lot of time.

Try to show up to five around at

one time.

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What to ask at the viewing Don’t forget to stress all your property’s USPs, which viewers might

not clock, such as double-glazing, proximity to public transport,

a south-facing terrace or garden and friendly neighbours.

Hand each viewer a sheet with printed details about your property,

including your contact number and email. This will help to jog their

memory later - after the dozens of properties they might have seen

that day - which they liked the best.

However, the viewing process is also an opportunity for you to suss

out prospective tenants and make sure they’re the sort of person

you want to live in your property. It’s a chance for you to ask the

tenant more about themselves and to make sure they’ll be a good

renter.

There’s no need to stage an inquisition, just chat casually while

walking them through the property.

Things to ask include: Are they looking at the property only for themselves or will they

be sharing? You need to know exactly who – and how man – will

be living there.

Where do they work and how long they’ve worked there?

Generally speaking, the longer the better.

Are they on a permanent or temporary contract?

Ideally their contract should last at least until theend of their

tenancy.

Will they be able to supply references from their employer and a

previous landlord?

Visit the Upad Landlord Hub for more tips: www.upad.co.uk/hub

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upad.co.uk | 0333 240 1220

Choosing your tenantYou can usually tell from someone’s body language if they like

the property. If they ask lots of questions and stay more than

five minutes, they’re probably quite keen. It’s worth following up

the next day with a quick phone call or an email, to see if they’re

interested and if they’d like a second look.

Now you might receive an offer from a viewer you didn’t warm too.

Don’t feel you have to accept. Go with your gut instinct and if you

don’t feel comfortable letting to someone, you can always tell them

you’ve had another offer.

When you’ve selected your ideal tenant, it’s best to reference them

to make sure they’re as good as you think they are. We’ll verify

their job and salary to ensure they can afford the rent, as well as

securing references from their employer and previous landlord.

*Upad Tenant Referencing includes:

A credit check

Previous landlord references

Employer references

An affordability check

What happens next?Once you’ve choosen your tenants and had them referenced Upad

can help get your tenancy up and running.

Tenant Sign Up ServiceUpad can also sort out all the paperwork, including writing a cast-

iron tenancy agreement, registering the deposit and setting up the

standing order for the rental. This ensures a smooth and stress-

free start to your tenancy. Just ask for our Tenant Sign-up Service,

which costs £189 (inc VAT).

Rent Protection Even the best credit checks and references cannot predict a tenant

falling on hard times and not being able to pay their rent. Our Rent

Protection and Legal Expenses Insurance will protect you from

defaulting tenants, by ensuring that rental payments are made

direct to you in full. Only £159.

InventoriesAn accurate and detailed inventory is an essential part of the

tenancy. Upad offer a range of great value, specialised inventory

services nationally. From £120.

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upad.co.uk | 0333 240 1220

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Photography £99A professional set of 8 photographs of

your property for you to keep.

Floorplan £99A professionally-produced floorplan of

your property.

Gas Safety Certificate £99A legal requirement for rental properties

with gas supplied.

Tenant Sign-Up Service £189We handle all of the paperwork to start

your tenancy.

EPC (Energy Performance Certificate) £99Essential legal document.

Rightmove Featured Listing Credit £150Featured Listings have bigger photos,

a coloured box.

(£85.50 + VAT)

(£85.50 + VAT)

(£85.50 + VAT)

(£82.50 + VAT)

(£157.50 + VAT)

Additional products

(£125 + VAT)

Services UChooseUPay On Success

Fully Managed Letting

Property advertising on Rightmove,

Zoopla & PrimeLocation

Tenancy Compliance Service

Landlord Club

Personal ARLA-qualified Account

Manager

Tenant Sign Up Service

Professional photos and Rightmove

Premium Listing

Floor Plans

Property management

£149 Inc VAT

£0 up-front

£599 Inc VAT

Fixed fee up-front

£449 Inc VAT On success

Plus £72 per month

Upad is a one-stop shop for all of your letting needs

*Term

s ap

ply

NEW

NEW

To speak to one of our Account Managers call us on 0333 240 1220.

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upad.co.uk | 0333 240 1220

We provide you with all the help and advice

you need. We provide a personal service to

every Landlord. Whether it’s your very first

time or you’re a seasoned professional, your

ARLA-qualified Account Manager will find

out exactly what you need.

ARLA-qualified Account Managers

Should you use Upad?Are you willing to conduct your own viewings?

Would you like a personal, ARLA-qualified Account Manager?

Do you think tenants prefer to meet the Landlord rather

than an agent?

Could you do with saving a large sum of money?

Do you think you care more about your property than

the letting agent?

Do you like the idea of only paying for the services you

actually need?

Would you prefer your tenants didn’t pay hundreds of

pounds in admin fees?

Is the idea of being in control of the tenant find process

appealing?

Do you trust the decision of over 15,000 UK’s landlords

to change?

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E: [email protected]

T: 0333 240 1220